CEOs with revenues over $2,000,000 per year need help increasing profits, minimizing taxes (legally and ethically of course), maximizing cash flows, and putting together strategic financial plans for their businesses.
So many CEOs get frustrated when they ask their bookkeepers and accountants to help with this type of planning.
“It was like pulling teeth. Why won’t the accountant just help out with this stuff? So frustrating!” exclaimed one frustrated entrepreneur.
Why is this?
Bookkeepers and accountants tend to be rearview mirror focused. They report on what happened in the past.
While this reporting is important, growth-minded CEOs also need a forward thinking strategy. They need executive-level financial leadership to help them ensure that their businesses are on track to achieve their crazy goals.
They need a CFO.
So why don’t more businesses have CFOs then?
The problem is that salaries for top tier CFOs can range from $200,000 to $350,000 per year plus payroll taxes, bonuses, vacations, and other incentives. This is simply cost prohibitive for most businesses.
It used to be that if a business couldn’t afford these lofty salaries, they would have to go without the financial leadership and strategies that a CFO can provide.
Michael King believed that all businesses should have access to this level of financial wisdom.
That is why Michael founded KFE Solutions.
KFE Solutions, a top-rated firm based in Dallas, TX, helps businesses scale profitably by offering Virtual CFO Services and Executive-Level Financial Coaching.
At a recent meeting of the minds, Michael King spoke to the important role small businesses play in the economy: “Small businesses are the backbone of our economy. When small businesses win, that means jobs are created, kids go to college, people buy houses, and communities grow. This is truly important and necessary work. The bonus is that the KFE team loves geeking out on business finances.”
For more information about KFE Solutions and their Virtual CFO services, visit www.kfesolutions.com/cfo-application-pr.